Daimler AG has agreed to develop Aston Martin’s next-gen V8 in return for a stake in the century-old British carmaker. Get all the latest auto industry news in the Executive Briefing.
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+ General Motors reported earnings of $1.2 billion for 2Q, down slightly from last year but well ahead of analysts’ forecasts. More here at USA Today.
+ Alex Molinaroli is the new chairman and CEO at automotive supplier Johnson Controls as Stephen Roell retires. More here at The Motley Fool.
+ Consumer Reports has given its top rating to the Chevrolet Impala, the first domestic sedan to win that honor in more than 20 years. More here at CNBC.
+ Ford’s second-quarter earnings jumped 18.5 percent to $1.2 billion on strong sales in North America. More here at AOL Autos.
+ Former Lotus F1 technical director James Allison has closed a deal to join the Ferrari F1 effort. More here at Autosport.
+ Daimler AG will take a 5 percent stake in British carmaker Aston Martin in exchange for an engine development deal. More here at Reuters.
+ Chrysler will extend production of the aging Dodge Avenger through 2015, the Grand Caravan through 2017, and the Jeep Wrangler through 2018. More here at The Detroit News.
+ The Izod IndyCar Series has mandated twin-turbo engines beginning in 2014, with single-turbo systems no longer permitted. More here at National Speed Sport News.
For the previous Executive Briefing from July 22, click here.